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Argentina's President Javier Milei reduced export tariffs on soybeans, corn and wheat, as he works to fulfill a repeated promise to eliminate the levies.
Lower export taxes encourage farmers to sell more grain abroad, which adds export supply to world markets and pressures global corn, soybean and wheat prices lower.
bloomberg.comJonathan GilbertDec 9, 2025After 369 past bearish policy events, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
After 310 past bearish policy events, CORN moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
After 122 past bearish policy events, WHEAT moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +1.2%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
